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$349,900

Beds
Unknown
sq ft
Unknown

2977 5th St SW, Atlanta, GA 30315

2977 5th St SW

Atlanta, GA 30315

  • 23 days on market
This duplex-style single-family home generates $4,500 to $5,000 in monthly gross income through Airbnb, VRBO, and other booking sites. Unit A is a 2-bedroom, 1-bath main unit, while Unit B is a 1-bedroom, 1-bath in-law suite. An exterior door between the units allows for a flexible 3-bedroom rental option, maximizing occupancy and income. The property is recently updated and actively booked. The seller will provide 30 to 45 days' rental history upon request. A $5,000 seller credit is available toward closing costs, and buyers may qualify for down payment assistance programs and grants. Additionally, the seller is offering a $7,000 renovation credit to further upgrade and enhance the aesthetics of the home, allowing the new owner to make personalized improvements. Showings are by appointment only—please do not disturb guests. Located just minutes from Atlanta Airport, major highways, and downtown Hapeville, this property offers easy access to the city while maintaining a suburban feel in a high-demand location. This is a turnkey, income-producing investment in a thriving rental market.

Details

Property type

Est. home value

$245,269

Property condition

Updated/Remodeled

Lot size

0.25 acres

Price per sq ft

Unknown

Year built

1950

Annual property taxes

$3,809

HOA

No

Price History

01/30/2025
FMLS

FMLS #7492118

Removed
$349,900
01/30/2025
FMLS

FMLS #7516550

Listed
$349,900
12/19/2024
FMLS

FMLS #7492118

Price change
$349,900
-1.44%

Schools & Community

Neighborhood: 

Hammond Park

Elementary school: 

Emma Hutchinson

Middle school: 

Crawford Long

High school: 

South Atlanta

Community features: 

Airport/Runway

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$129,583
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$192,325
Cash to seller
$129,583

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Southpoint Financial

Loan start date

July 2021

Original loan amount

$208,550

Est. remaining balance

$192,325

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

Oireme Higo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 12:50 AM

Listing updated: 02/21/2025 at 6:10 PM

Listed by: Gabriel Bettsack, Keller Williams Realty Atl North Phone #: (770) 509-0700

MLS: FMLS #7516550

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